Union Finance Minister Arun Jaitley will unveil Mahatma Gandhi statue outside UK Parliament on Saturday.
UK Chancellor of the Exchequer George Osborne confirmed the news via a series of tweets.
"Great meeting with Indian Fin Min @arunjaitley - committed to building on progress already made to increase bilateral trade and investment."
"Gandhi statue will be monument to our close ties and contribution of UK Indian community. A father of democracy in front of mother of parliaments."
"Indian finance minister here to unveil historic Gandhi statue in parliament sq which William Hague and I announced in Delhi last summer."
Last year, Osborne and UK Foreign Secretary William Hague announced that 10, Downing Street would install a statue of Mahatma Gandhi opposite the British Parliament. The unveiling of the statue will reportedly be attended by UK Prime Minister David Cameron, Culture Secretary Sajid Javid and other dignitaries.